The Jordan Commercial Bank (JCBank) recently announced the launch of its new Housing Loan, a revolutionary and innovative financing approach for the year 2006. The new loan evalueis payable over a period of 30 years and covers up to 100% of the clients' housing expenses.

JCBank is in fact the only bank in Jordan to grant its clients the opportunity to pay off their loans with such flexible terms, for its new housing loans fully cover the costs of buying, building, and maintaining real-estate properties. They are offered at competitive interest rates and without any commissions or undisclosed fees incurred by the client. These loans are also granted with many added features including free life and mortgage insurance and free credit or charge card for the first year, and with such features the bank always strives to fulfill all its clients' demands.

Commenting on the new service, JCBank's Assistant General Manager for Retail Banking & Technology, Dr. Mohamed S. Asadi, said, "After conducting a comprehensive and analytical study on the Jordanian market and specifically the Jordanian real-estate market we launched this new service inline with the economic boom that this sector is currently experiencing in Jordan, and with the individual demands of our clients. Our unprecedented housing loan services grant our clients the opportunity to own the real-estate properties they desire, and its added benefits. Our housing loans allow our clients to effectively interact within the booming market."